Private Limited Partnership Agreement

A limited partnership is a cross between a partnership and a corporation that allows some investors, the "limited partners," to benefit from limited liability without having to incorporate. On the other hand, the managing partner, referred to as the "general partner," is responsible for overseeing the management of the business and is liable for any operating losses. In order to preserve their limited liability status, limited partners are prohibited from intervening in the management of the business.

Private Limited Partnership Agreement

We recommend using this template for an entrepreneur who is seeking investors for its business, but does not wish to become burdened by the procedures and formalities related to incorporation.

It should be noted that this template is drafted specifically for a private limited partnership, meaning that the only contributions to the partnership are provided by the limited partners, whereas in the case of a public limited partnership, the partners can issue an initial public offering to obtain capital contributions.